Lebinson Company is a manufacturing company organized as a C corporation. How much corporate income tax must they pay on $1200000 in income. Use the following tax table: $0 - $50000 taxed at 15% $50,000 -$75,000 taxed at 25% $75,000 -$100,000 taxed at 34% $100,000 -$335,000 taxed 39% above $335000 is taxed at 34%

what is the tax liability?